He started late as an angel investor but Nandan Nilekani, the man behind Aadhaar and a Co-Founder of Infosys, has invested $50 million in 11 start-ups in just over a year and has committed to invest $25 million more. “Investing in start-ups helps me keep my business brain active and these busines…
Tag: Ratan Tata
Pradhan pitches for funds to boot energy sector start-ups
Oil Minister Dharmendra Pradhan on September 6 urged the public sector undertakings to create startup funds on the lines of private sector in order to promote innovation and nurture new ideas in the energy sector. Pradhan while addressing a conference on methanol economy organised by NITI Aayog s…
Ratan Tata, Nandan Nilekani to start micro-finance company
Ratan Tata, Chairman emeritus of Tata Sons, Vijay Kelkar, former Finance Secretary and Chairman of the National Institute of Public Finance and Policy, and Nandan Nilekani, Co-Founder of Infosys Ltd and the architect of Aadhaar, are joining hands to start a microfinance institution (MFI). Named A…
Moglix joins SAP startup studio as it continues path towards disrupting B2B commerce
Aims to serve manufacturing companies with cumulative turnover of more than $30B, which is 10% of the Indian manufacturing sector, in the coming 2 years. Moglix, a leading e-commerce company specializing in B2B procurement of industrial products, has announced its entry into “SAP Startup Studio”,…
Ratan Tata picks stake in e-ticketing start-up Kyazoonga
Chairman Emeritus of Tata Sons, Ratan Tata, has continued with his investments into India’s burgeoning start-up space. On June 10, he announced an investment into e-ticketing company Kyazoonga, without disclosing the financial details. Together, Tata has now crossed over 30 investments in start-u…
IFC Leads Rs. 400 Crores Series D Investment in Lenskart
IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 crores Series D investment round which also…
Kalaari seed programme backs three companies
Kstart, a seed-stage programme launched by venture fund Kalaari Capital in February 2016, has invested in three startups in its first batch. Affordplan, a fintech platform aimed at affordable healthcare; Indee, a secure platform for web video streaming; and Active.ai, an AI engagement firm for fi…
7 Indian startups valued over $1 billion
Flipkart Flipkart as a startup 9 years ago was a company with ambitions in the e-Commerce domain. The company started as an online platform for selling books in 2007 by Sachin Bansal is now valued at $ 15 billion offering a huge range of products categories. Snapdeal Snapdeal the e-commerce compa…
Large companies, not varsities are new startup garages| Anand Mahindra
Large corporations, and not necessarily reputed tech schools like IITs or MIT, are the new startup garages as big businesses race to stay relevant, Mahindra Group Chairman Anand Mahindra has said. “The new garage is not necessarily in the MIT or Stanford or the IITs. It is in fact, back in …
NestAway raises $30 m in series C funding
NestAway Technologies Pvt Ltd, the Bangalore-based leader in the ‘managed’ home rentals market, has raised $30 million in a Series C financing led by Tiger Global, Yuri Milner, the Russian billionaire investor/founding partner of DST Global and IDG Ventures India. Flipkart’s former head of operat…